Actuarial Intern Life – Summer 2027

Farm Bureau Financial Services; West Des Moines (IA); On-site; USD 25,000 - 33,000; Full time

Job summary

Farm Bureau Financial Services in West Des Moines, IA invites a Life Actuarial Intern for Summer 2027 to support actuarial staff and learn key concepts.

You will explore life and annuity products, actuarial software, data analytics, and valuation processes while contributing to rate development and model building in a real-world setting.

This paid internship offers exposure to our industry, organization, and culture, with an 80/10/10 learning framework and on-site work schedule during the summer.

Qualifications

• Working toward a college degree in math or actuarial science.
• SOA exam completion preferred but not required; transcripts required at offer.
• Experience with spreadsheets to solve actuarial problems.
• Experience with coding languages and/or data analytics tools preferred.
• Be able to analyze and resolve difficult problems using a mathematical approach.
• Be able to communicate complex analytical problems and solutions.
• Be able to work full-time on-site 38.75 hours per week in West Des Moines during Summer 2027.

Responsibilities

• Provide support to actuarial staff and assist in basic actuarial functions.
• Develop working knowledge of life and annuity products and insurance concepts.
• Gain experience with actuarial software and data analytics.
• Engage in rate development and product implementation.
• Participate in model development and valuation processes.

Skills

Data analytics

Spreadsheets

Coding experience

Analytical thinking

Communication skills

Education

Math/Actuarial degree in progress

Tools

Actuarial software

Modeling tools

Job description

Actuarial Intern Life – Summer 2027

**There are currently three (3) internships available**

Are you looking for real world experience right now? If so, we have an internship for you! Gain valuable experience as a Life Actuarial Intern. In this role, you will be providing support to actuarial staff and assisting in basic actuarial functions and insurance concepts. As an intern, you will begin to develop a working knowledge of any/all the following:

• Life & annuity products


• Current laws and regulations impacting the insurance industry


• Actuarial software


• Valuation and financial reporting


• Rate development and product implementation


• Model development


• Data analytics

As an intern, you will also participate in corporate activities designed to provide exposure to our industry, organization, and culture. Our internship program follows an 80/10/10 approach:

• 80% of your time will be spent performing meaningful work and project-based assignments within your department.


• 10% of your time will be dedicated to learning from and networking with employees in other areas of the organization.


• 10% of your time will be spent participating in shared internship experiences that provide insight into our culture, leadership, and business operations.

What It Takes to Join Our Team:

• Be working toward a college degree in math or actuarial science preferred.


• Completion of an actuarial exam is preferred but not required. SOA transcripts will be required at the time of offer.


• Have substantial experience with spreadsheets and be able to utilize spreadsheets to solve actuarial related problems.


• Experience with coding languages and/or data analytics tools preferred.


• Be able to analyze and resolve difficult problems using a mathematical approach.


• Be able to effectively communicate complex analytical problems and solutions.


• Be dependable and able to work full-time (38.75 hours per week), on-site in West Des Moines during Summer of 2027.

Visa Sponsorship: This position is intended to groom potential applicants for full-time roles at Farm Bureau Financial Services. These positions are not eligible for sponsorship for work authorization, therefore, if you require sponsorship for work authorization now or in the future, we cannot consider your application at this time.Due to the fact student visas (J1, F1, etc...) are time-limited, we regret we cannot consider candidates on student visas.